what is wholly owned subsidiary company? 51 percent is subsidiary company, wholly owned means 100 percent ?
pls explain sir
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wholly owned subsidary
Replies (5)
subsidiary company 2(87) means a company in which another company that is holding company 2(46) holds more than 50% of total VOTING RIGHTS
wholly owned subsidiary company sec 187 of CA,2013 means a company in which another company (holding company) holds 100% share capital (note-minimum subscribe in wos shall be 7 as per sec 3(1))
wholly owned subsidiary company sec 187 of CA,2013 means a company in which another company (holding company) holds 100% share capital (note-minimum subscribe in wos shall be 7 as per sec 3(1))
closely held company means
yeah right
closely held is not a terminology in corporate laws. However, it is terms as a company whose directors and shareholders are those who are relatives or from same family.
subsidiary company 2(87) means a company in which another company that is holding company 2(46) holds more than 50% of total VOTING RIGHTS
wholly owned subsidiary company sec 187 of CA,2013 means a company in which another company (holding company) holds 100% share capital (note-minimum subscribe in wos shall be 7 as per sec 3(1))
wholly owned subsidiary company sec 187 of CA,2013 means a company in which another company (holding company) holds 100% share capital (note-minimum subscribe in wos shall be 7 as per sec 3(1))
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